Kaniva Ltd acquired 90% of the shares (ex-div) of Snowman Ltd on 1 July 2019 for $300 000. At this date, the equity of Snowman Ltd consisted of: Share capital $ 170 000 General Reserve 40 000 Retained earnings 90 000 At acquisition date all the identifiable assets and liabilities of Snowman Ltd were recorded at amounts equal to fair value except the following: Carrying Amount Fair value Inventory 25 000 35 000 Land 80 000 95 000 Equipment (cost 100 000) 85 000 90 000 Equipment was depreciated at 5% using the straight-line method. On 30 June 2021, the equity of Snowman consisted of Share capital $ 170 000 General Reserve 60 000 Retained earnings 110 000 During the 2020–2021-year Snowman Ltd recorded a profit of $55 000. Dividend payable $30 000 

Required:

Prepare the consolidated worksheet entries on 30 June 2021 for Kaniva Ltd assuming: Kaniva Ltd adopts the partial goodwill method.

Prepare Consolidation journals on 30 June 2021.